This training provides an overview of the obligations of Virtual Digital Asset Service Providers (VDASPs) under the Prevention of Money Laundering Act (PMLA) and the Financial Intelligence Unit–India (FIU-IND) Guidelines, updated in 2026.

It begins with the regulatory framework applicable to VDASPs, covers governance responsibilities, the AML policy framework, and practical insights into how to conduct an enterprise-wide risk assessment. It is important to note the scenarios that trigger Enhanced Due Diligence (EDD) and understand the step-by-step process for doing it. Financial Action Task Force (FATF) red flags, record retention requirements, implementation of the Travel Rule, and technology-driven monitoring controls for VDA transactions are all important aspects to be noted.

Finally, the module examines FIU-IND expectations along with key FATF requirements that support international regulatory cooperation.

About the Trainer

Dr. Srinivas Yanamandra

Empaneled Trainer

Dr Srinivas Yanamandra is a Fintech Consultant and has around 25 years of regulatory compliance experience across commercial banking, development banking and fintech industry domains. He worked earlier as a compliance officer at ICICI Bank, AML Principal Officer at IDFC First Bank, Chief of Compliance at BRICS New Development Bank (Shanghai) and Group Head of Regulatory Affairs at Paytm. He is currently associated as Visiting Professor at various law / public policy schools in India and abroad designing and delivering lectures in the areas of fintech innovation, electronic payments, digital lending, AI, data protection, and cyber security laws.